"Some people consider themselves savers and not investors," says Jackie Williams, director of the college-savings initiative at the New America Foundation, a nonprofit, nonpartisan public-policy institute based in Washington, D.C.

Williams, former executive director of the Ohio Tuition Trust Authority, says investors use the Ohio bank product to diversify a portfolio, especially as students enter high school.

She says that while age-based products in 529 plans offer some of this diversification, many people discovered during the market downturn that these products varied significantly....

Original article.